Why Cathie Wood is 'excited' to see what Elon Musk would do with Twitter

Brian Sozzi
·Executive Editor
Updated ·2 min read
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Long-time Tesla bull and Elon Musk supporter Cathie Wood thinks the billionaire's ownership of the social media platform is exactly what it needs.

"I am kind of excited to see what Elon will do," the noted tech investor told Yahoo Finance Live in an exclusive and wide-ranging interview on Thursday (full video above). "I actually think he will work closely with [Twitter Founder] Jack Dorsey and maybe open up the ecosystem, take away the censorship, make it much more transparent, and I think add more value to the ecosystem."

(COMBO) This combination of pictures created on August 22, 2022 shows Elon Musk (L) shows his Texas belt buckle as he speaks during a press conference at SpaceX's Starbase facility near Boca Chica Village in South Texas on February 10, 2022, and CEO of Twitter Jack Dorsey (R) testifies before the Senate Intelligence Committee on Capitol Hill in Washington, DC, on September 5, 2018. - Elon Musk has served August 22, 2022 former Twitter boss Jack Dorsey with a subpoena in a hunt for material to help him get out of buying the giant social media platform for $44 billion as agreed. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)
This combination of pictures created on August 22, 2022 shows Elon Musk (L) on February 10, 2022 and CEO of Twitter Jack Dorsey (R) on September 5, 2018. (Photo by JIM WATSON/AFP via Getty Images)

Musk may be about to get his shot at running Twitter.

Musk confidentially filed a letter in the Delaware Chancery Court recently seeking to proceed with the Twitter deal on its original terms. The reversal comes as Musk was slated to be deposed by Twitter's lawyers in the company's lawsuit, which sought to enforce the buyout contract.

For months, Musk has slammed Twitter's business for not revealing enough information about the number of fake accounts on the platform. Musk also butted heads with Twitter CEO Parag Agrawal while worried employees started to leave the social media platform.

The Tesla founder is widely expected to clean house in the C-suite should the Twitter deal close, and then go to work creating what he calls a "super app."

Wood thinks Musk will also help clean up the content on the platform.

"I think there is a lot of wisdom out there," Wood said. "We are kind of sick of the nonsense that we see on some of these social media platforms and Twitter. I think Musk is going to give us more tools to filter out the nonsense and get right down to business."

Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

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